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Wacker Neuson Shareholders Approve All Resolutions

Wacker Neuson said its shareholders approved all items on the agenda proposed for resolution. About 73 percent of the share capital made use of their voting rights.

At Tuesday's Annual General Meeting, the shareholders approve suspension of the dividend payout Shareholders approved the Executive Board and Supervisory Board's proposal to suspend the dividend payout for the past fiscal year and to carry forward net profit onto new account.

The re-election of all incumbent members of the Supervisory Board who were re-nominated for a further term - Kurt Helletzgruber, Hans Neunteufel, Matthias Sch?ppen and Ralph Wacker - was approved at the Annual General Meeting.

The two incumbent employee representatives, Mr. Elvis Schwarzmair and Mr. Christian Kekelj, had already been appointed for a further term on the Supervisory Board prior to the meeting by resolution of the SE Works Council.

Neunteufel retains his position as chairman of the Supervisory Board and Wacker has again been appointed deputy chairman. Helletzgruber remains chairman of the Audit Committee while Neunteufel continues in his position as chairman of the Presiding Committee.

The Annual General Meeting also formally approved the actions of the Executive Board and the Supervisory Board for fiscal 2019. Ernst & Young GmbH Wirtschaftspr?fungsgesellschaft, Stuttgart, was again appointed as the official auditor to review the Financial Statements.

In addition, the shareholders approved a profit transfer agreement concluded between Wacker Neuson SE and Group company Kramer-Werke GmbH.

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